Mission Wealth Management LP Trims Stock Holdings in Avantis Emerging Markets Equity ETF $AVEM

Mission Wealth Management LP trimmed its holdings in Avantis Emerging Markets Equity ETF (NYSEARCA:AVEM) by 1.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 529,756 shares of the company’s stock after selling 9,964 shares during the period. Avantis Emerging Markets Equity ETF comprises approximately 0.8% of Mission Wealth Management LP’s portfolio, making the stock its 20th largest holding. Mission Wealth Management LP’s holdings in Avantis Emerging Markets Equity ETF were worth $40,802,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Team Financial Group LLC raised its holdings in shares of Avantis Emerging Markets Equity ETF by 184.2% in the fourth quarter. Team Financial Group LLC now owns 557 shares of the company’s stock worth $43,000 after buying an additional 361 shares during the period. MeadowBrook Investment Advisors LLC purchased a new stake in shares of Avantis Emerging Markets Equity ETF in the fourth quarter worth approximately $65,000. LGT Financial Advisors LLC bought a new position in Avantis Emerging Markets Equity ETF in the third quarter worth approximately $78,000. Spire Wealth Management grew its stake in Avantis Emerging Markets Equity ETF by 43.4% in the fourth quarter. Spire Wealth Management now owns 1,078 shares of the company’s stock worth $83,000 after purchasing an additional 326 shares in the last quarter. Finally, TD Waterhouse Canada Inc. bought a new position in Avantis Emerging Markets Equity ETF in the third quarter worth approximately $91,000.

Avantis Emerging Markets Equity ETF Price Performance

Shares of NYSEARCA:AVEM opened at $91.88 on Monday. Avantis Emerging Markets Equity ETF has a 52-week low of $63.91 and a 52-week high of $96.07. The stock has a market cap of $23.96 billion, a P/E ratio of 12.66 and a beta of 0.72. The business’s 50 day moving average is $85.87 and its 200 day moving average is $82.19.

About Avantis Emerging Markets Equity ETF

The Avantis Emerging Markets Equity ETF (AVEM) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that holds emerging-market stocks of all market capitalizations considered favorable on multiple factors. The fund seeks to provide capital appreciation. AVEM was launched on Sep 17, 2019 and is managed by American Century Investments.